Isabella Bank Corporation Declares Boost in Q3 2024 Dividend
Isabella Bank Corporation Announces Third Quarter 2024 Dividend
Isabella Bank Corporation (OTCQX: ISBA) has declared a third-quarter cash dividend of $0.28 per common share, presented during the regular Board of Directors meeting. This is an exciting update for shareholders, signaling a strong commitment to shareholder returns and financial stability.
The dividend payout is set for September 30, 2024, for those who are shareholders on record as of September 26, 2024. As of the most recent stock price on August 28, 2024, which stood at $19.15 per share, the annualized cash dividend yield is approximately 5.85%. This reflects the company’s commitment to providing a competitive return on investments for its shareholders.
Jerome E. Schwind, the President and Chief Executive Officer, expressed his satisfaction as he stated, "I am pleased to announce a $0.28 per share third quarter cash dividend. Our ongoing focus has been on enhancing financial performance and executing strategic initiatives aimed at boosting shareholder value. We are dedicated to delivering an attractive return on shareholder investment as demonstrated by our dividend yield."
About Isabella Bank Corporation
Isabella Bank Corporation, parent holding company of Isabella Bank, operates as a state-chartered community bank. With over 120 years of dedicated service since its establishment in 1903, Isabella Bank has committed itself to meeting the banking needs of its customers and communities. The bank provides a wide array of products, including personal and commercial lending, various deposit options, as well as investment, trust, and estate planning services.
The bank proudly serves multiple regions across mid-Michigan, providing accessible banking solutions to Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties. Its extensive reach underlines a commitment to community support and personal service, vital components of its operational ethos.
Investor Relations and Stock Information
For further insights on Isabella Bank Corporation, shareholders and potential investors can keep an eye on updates throughout the company's communications. The common stock of Isabella Bank Corporation is quoted on the OTCQX tier of the OTC Markets Group, Inc. electronic quotation system under the symbol "ISBA." Investors can readily find detailed information about stock performance, market strategies, and other relevant news concerning the corporation's initiatives.
Commitment to Shareholders
This latest dividend announcement reflects Isabella Bank Corporation’s ongoing mission to reward its shareholders and demonstrate its stability and foresight in a fluctuating market. The management team’s proactive approach in prioritizing shareholder returns illustrates a deep-seated commitment to fostering long-term investor confidence and maintaining a robust financial foundation.
Frequently Asked Questions
What is the amount of the Q3 2024 dividend declared by Isabella Bank Corporation?
Isabella Bank Corporation has declared a cash dividend of $0.28 per common share for the third quarter of 2024.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on September 30, 2024, to shareholders recorded by September 26, 2024.
What is the annualized dividend yield based on recent stock prices?
Based on the recent stock price of $19.15, the annualized cash dividend yield is approximately 5.85%.
What services does Isabella Bank offer?
Isabella Bank offers personal and commercial lending, deposit products, investment services, trust services, and estate planning options.
How can I find more information about Isabella Bank Corporation?
For detailed information about Isabella Bank Corporation, interested parties should check the investor relations communications from the bank.
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